GoDaddy Inc. (NYSE:GDDY) Q4 2019 Earnings Conference Call - Final Transcript
Feb 13, 2020 • 05:00 pm ET
Ladies and gentlemen, thank you for standing by, and welcome to the GoDaddy Q4 earnings conference call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Mark Grant, Vice President of Investor Relations. Thank you. Please go ahead.
Good afternoon, and thank you for joining us for Godaddy's Fourth Quarter and Full Year 2019 Earnings Call. With me today are Aman Bhutani, Chief Executive Officer; and Ray Winborne, Chief Financial Officer. Aman and Ray will share some prepared remarks, and then we'll open up the call for your questions. On today's call, we'll be referencing both GAAP and non-GAAP financial results and operating metrics such as total bookings, unlevered free cash flow normalized EBITDA, net debt and ARPU. A discussion of why we use non-GAAP financial measures and reconciliations of our non-GAAP financial measures to their GAAP equivalents may be found in the presentation posted to our Investor Relations website at investors.godaddy.net or on our Form 8-K filed with the SEC with today's earnings release.
The matters we'll be discussing today include forward-looking statements, which include those related to our future financial results; new product introductions and innovations; our ability to integrate recent acquisitions and achieve desired synergies, and including our recent acquisition of Over and the expected acquisition of Uniregistry's domain registrar and marketplace businesses. These forward-looking statements are subject to risks and uncertainties that are discussed in detail in our documents filed with the SEC. Actual results may differ materially from those contained in the forward-looking statements. Any forward-looking statements that we make on this call are based on assumptions as of today, February 13, 2020, and we undertake no obligation to update these statements as a result of new information or future events. With that, here's Aman.
Thanks, Mark, and thank you, everyone, for joining our fourth quarter earnings call. 2019 closed out with strong operational execution and consistent financial performance, as we near $3 billion in revenue while growing unlevered free cash flow 19% year-over-year. Equally important, we are entering 2020 with confidence after having moved quickly against a set of objectives to realign how we operate as a company, including changes to our priorities, leadership and teams, all in passionate support of our mission to enable entrepreneurs with technology, humanity and purpose. We made these rapid changes to accelerate execution, all while delivering on our financial commitments across the board. With five months into my tenure, I wanted to share a few thoughts on our core priorities of enabling a strong platform, creating an intuitive customer experience and continued brand expansion, including our recent launch of our new logo.
First, our core platform goals remain unchanged: increasing our velocity of innovation, delighting our customers with robust and flexible products globally and seamlessly acquiring and integrating brands onto our platform. Many investors have asked me two critical questions. How much is it going to cost? And when will we see results? Based on my experience of enabling platforms and the state